USD/JPY Technical Analysis 02.12.2013

USD/JPY Technical Analysis- Prices are testing resistance at 94.45, the 38.2% Fibonacci expansion. A break above that exposes the 50% level at 95.16. Near-term support is at 93.57, the 23.6% Fib, with a drop below that aiming for rising channel resistance-turned-support at 92.65.